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| Argentina Crisis: Financial turmoil could spark market chaos, experts warn | |
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| Tweet Topic Started: May 16 2018, 05:14 AM (1,025 Views) | |
| Che On The Rocks | May 25 2018, 07:00 AM Post #21 |
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These protests tend to be underreported by the Western MSM, so i'll keep going. In Venezuela? That! Let's check the external debt: ![]() OMG! RIGHT-WING, CONSERVATIVE, CAPITALIST MAURICIO MACRI PRACTICALLY DOUBLED THE EXTERNAL DEBT! CRIMINAL! Macri & the Global Financial Maffia. Macri & the Global Financial Maffia. Which is a Global Financial Maffia's mouthpiece. Right. Yeah, Cristina. "When he took office in December 2015, the economy was in complete disarray." But Macri didn't say so, in early 2016: ![]() So? Macri lied and the investors/loaners were duped? Or The Economist is making... err... "creative revisionism" of Cristina administration? That is quite a possibility, now: Argentina Needs The Best IMF Deal Ever, Or It's Curtains For Macri In 2019
![]() Union workers, along with members of social, political and students organizations, demonstrate against the government's negotiations with the International Monetary Fund in Buenos Aires, on May 17, 2018. This has to be the best IMF rescue deal ever implemented or president Mauricio Macri will be voted out of office next year by guys like this that dominate Latin America. Photo by EITAN ABRAMOVICH/AFP/Getty Images. |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | May 25 2018, 08:45 AM Post #22 |
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Excellent! At least your quoting some good news sources, ....Forbes. Read the article over morning coffee, corn flakes and a banana. Interesting. Many, many years ago, at my college graduation, Malcom Forbes (Steve's father) spoke at our graduation. After the speech I was standing around the podium chit-chatting with one of the Forbes people and, ...and, it turned out to be Steve Forbes. It was fascinating. Then his father died, and he, Steve, became CEO of Forbes. Anyway, I haven't studied this situation to form an absolute opinion, ...yet. But will be working on it, ...focusing on the debt. Forbes said the following with regards to Macri:
More later... Mozart Edited by W A Mozart, May 25 2018, 08:50 AM.
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| W A Mozart | May 25 2018, 10:29 AM Post #23 |
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Further to above... So, what in the name of the Wide, Wide World of Sports is going-on in Argentina? There is very little in-depth coverage on the subject and that makes the socialists, parading in the streets every day, ...happy. Ah! But I did find a good source for information. An economist from the University of Chicago (read: Milton Friedman... ) who gets into the nitty-gritty of what's taking place. Now this, ...this is a good read!https://johnhcochrane.blogspot.com/2018/05/groundhog-day-in-argentina.html Basically he says the following:
So, basically, ....the Congress of Argentina passed a "tax bill," which came into affect on April 25th. The silly idea here was to tax the non-residents (more money for us, ...hooray!), who quickly bailed on Argentina. They ran, ....causing the CB to throw billions of dollars to support the Peso. They couldn't. Peso rose, confidence fell, ...a crises. That's it in a nutshell. But, under the comments section here, probably also an econommist, the following point was made:
Now, that's good stuff! More later.... Mozart |
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| Che On The Rocks | May 26 2018, 04:55 AM Post #24 |
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Herr Professor Mozart: please, don't exert yourself too much! Because since the Age of Joe, i already heard all the excuses. Besides, i already saw this movie. Now, it cames the part of the diagnosis: "Argentina is not neoliberal enough". Then, it comes the part of the 'cure': "if neoliberalim doesn't do it, more neoliberalism will". Finally... ...well, you will see. I'm not going to spoil it for you. ----------------- IMF to Mauricio Macri: "tax the rich, only a bit". Argentina may freeze soybean tax cut program, farmers balk Read here, too. Rich to Mauricio Macri: "no". “Political Suicide”: Market Warns Against Argentina Soy Tax Proposal
Mauricio Macri: "then, i will apply more austerity". Argentine People to Mauricio Macri & IMF: "váyanse a la mierda". Argentines stage protest against decision to seek IMF help
![]() Thousands of people gather along 9 de Julio avenue, to protest against the government’s decision to seek economic help from the International Monetary Fund, in Buenos Aires, Argentina, Friday, May 25, 2018. President Mauricio Macri announced earlier this month that Argentina would start talks with the IMF and seek a credit line to finance his government. (AP Photo/Paul Byrne) ^^^That is +1M People on 9 de Julio avenue! Read here and here, too. Extra pictures: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ^^^ "Macri + IMF = Misery" |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | May 26 2018, 06:01 AM Post #25 |
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Argentineans know that with IMF assistance comes cuts in pet hamster programs....I'm surprised that half of Argentina wasn't a the march to protect their free benefits...................
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| Jesus can raise the dead, but he can't fix stupid | |
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| W A Mozart | May 28 2018, 08:31 AM Post #26 |
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Mob rule in Argentina... Hundreds of thousands to the streets demanding that "they" return to power and do, ....exactly, ....what? What is their plan here? More Cristina? More craziness? Take from "whomever" and give it to our power base? What economic philosophy is all of this based on? Turn Argentina into Venezuela, ...without any oil? Wow. Mozart |
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| Che On The Rocks | May 28 2018, 03:02 PM Post #27 |
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Mr. Robert Stout: when cornered, even "pet hamsters" bite. Or they vote for populists. Herr Professor Mozart: you call it "mob rule". I call it Democracy. ------------------- No Love Lost: A Brief History of Argentina and the IMF
![]() Macri with IMF Managing Director Christine Lagarde. (Photo: Mendoza Post) Report: Government Not Suspending Reduction Grain Exports Taxes After All
![]() Image credit: Getty Images. But: UPDATE 2-Argentina raises biodiesel export tax to 15 percent Read here, too. Social Organizations Begin ‘Federal March’ to Protest Government Policies
![]() Photo via FM Capital Salta. Investor shakeout in Turkey and Argentina: why it's happening
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | May 29 2018, 06:12 AM Post #28 |
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In Argentina, if you don't have a pot to piss in, you think your are an economic expert by marching down the street with big signs......
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | May 30 2018, 02:45 PM Post #29 |
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Mr. Robert Stout: in Argentina, if you are not a member of the Macri Regime, you have scant food for the pot. Mauricio Macri is a genius of dietetics! -------------------- IMF Negotiations a “Third Blow” to Government
![]() Macri with Minister of the Economy Nicholas Dujovne. Photo: Política Digital. The Federal March keeps going: ![]() ![]() ![]() ![]() ![]() ![]() ![]()
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | May 30 2018, 04:58 PM Post #30 |
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The photos indicate that Argentinians are not starving and would benefit from missing a few meals............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 1 2018, 12:08 PM Post #31 |
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Mr. Robert Stout: the idea is protesting before of becoming capitalist Haitians (when nobody gives a crap, anymore). -------------------------- Vidal Rules Out 2019 Presidential Bid
![]() Buenos Aires Governor María Eugenia Vidal speaking at the AmCham conference last week. (Noticias Argentinas / Diego Astarita) BA Governor Vidal: 'Nobody born poor in Argentina makes it to university'
![]() Buenos Aires province Governor María Eugenia Vidal meets with residents during a round of door-knocking. Foto: Télam Why Argentina's Leader Is in for a Tough 2019
![]() Financial MELTDOWN: Shock graph shows how Turkey and Argentina economies are DOOMED
![]() This chart shows how badly Argentine and Turkish markets have been affected ‘Marcha Federal’ Concludes Today With Focus On Presidential Utilities Veto
![]() The Marcha Federal concludes today at Plaza de Mayo. (Noticias Argentinas / Daniel Vides) Read here, here and here, too. |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | Jun 1 2018, 07:36 PM Post #32 |
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Argentinians should conserve their energy for the coming economic crash....They can't trade their picket signs for food...They can no longer convince anyone to loan them more money........... |
| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 2 2018, 01:52 AM Post #33 |
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Mr. Robert Stout: Argentines never do what they should. ----------------------- Thousands of Argentines protest government economic policies
![]() People protest at Plaza de Mayo square overlooking the presidential Casa Rosada palace, against the government’s economic policies in Buenos Aires, Argentina, Friday, June 1, 2018. The demonstrators demanded laws guaranteeing food, land and infrastructure works for the poorest. (AP Photo/Victor Caivano) Read the same news here and here. Extra pictures: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() And more extra pictures yet at Getty Images. |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | Jun 2 2018, 12:21 PM Post #34 |
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Wow. Look at all of those people in the streets! Kinda reminds me of Venezuela about ten years ago. Go Hugo! You da man! Mob rule. And the economic plan here for the salvation of the Argentinian economy is, .....what? Mozart |
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| Robert Stout | Jun 2 2018, 06:20 PM Post #35 |
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The Argentinian's 5 year economic plan is to get Mo' money from the government..............
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| Jesus can raise the dead, but he can't fix stupid | |
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| W A Mozart | Jun 3 2018, 08:21 AM Post #36 |
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This is an important point: Exactly what will the 'far' left-wing party of Argentina do once they attain power again? What's the plan here? They put hundreds of thousands of people in the streets, who bang drums, wave placards, dress in colorful outfits, sing/chant off-key and look for the nearest television camera's, yet NEVER put out an economic plan. "Here are our ideas....!" Nope. It's all Orwellian gobbledeguok. It's mob rule at its finest. (Kinda like the Nazi's, .... ) We want power for the sake of power. When we win, we get to put ALL of our people into government jobs and the rest is, well, bupkis. Who cares? We have power! We won, you lost, go suck eggs......Mozart |
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| Che On The Rocks | Jun 5 2018, 04:24 AM Post #37 |
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Herr Professor Mozart: ten years ago, in Venezuela, the "mob" praised Hugo. Today, in Argentina, the "mob" insults Macri. Economic plan? I suppose, less Christine and more Cristina. ---------------- UPDATE 1-IMF says talks with Argentina for financing plan are 'well advanced'
Argentina inflation rising, growth outlook lower -analysts
Economic turbulence prompts re-election uncertainty for Macri
![]() President Maurcio Macri addresses Argentina's economic woes during a May 16, 2018 press conference. Foto: Télam |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | Jun 5 2018, 07:16 AM Post #38 |
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Give me a day or two. I'll have to study what these people are implying. An interesting an analysis! Mozart |
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| Che On The Rocks | Jun 6 2018, 04:28 AM Post #39 |
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Herr Professor Mozart: no problem! ------------------ Jun 5, 2018 / MARTIN GUZMAN , JOSEPH E. STIGLITZ The Roots of Argentina’s Surprise Crisis
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | Jun 6 2018, 05:53 PM Post #40 |
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Argentinians are like babies wanting their bottle back....It was never THEIR bottle to begin with................
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| Jesus can raise the dead, but he can't fix stupid | |
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It is so very difficult to get good information on what is taking place in Argentina with ole Che flooding this thread with news of more strikes and movements and protests and placard-carrying, disgruntled, Argentinians.






) who gets into the nitty-gritty of what's taking place. Now this, ...this is a good read!




































10:25 AM Jul 11